New Delhi, Oct. 29 -- Tata Motors demerger has been effective since October 1. The company has separated its passenger vehicle (PV) business and commercial vehicle (CV) division into two independent listed companies. The listed Tata Motors shares have been renamed as Tata Motors Passenger Vehicles.

Investors holding Tata Motors shares as on October 14, the Tata Motors demerger record date, have received one equity share of Tata Motors Commercial Vehicles Ltd (TMLCV) for every one share held in Tata Motors Ltd, resulting in parallel holdings in both TMLCV and Tata Motors Passenger Vehicles Ltd (TMPV).

TML Commercial Vehicles Ltd is expected to be listed on the stock exchanges in November.

The Tata Motors demerger carries important regul...